Group sales third quarter 2015 – dynamic third quarter
Sales grew by 10.3 % in the third quarter and are expected to remain dynamic also in the fourth quarter of 2015. Several large projects have been postponed to 2016 which keeps the order book well stocked. Sales of maintenance and service grew by 13.9 % in the third quarter.
The negative effect of the weakness of the Euro against the Swiss Franc and the U.S. dollar will have an impact also on the results of the second half of 2015. The second half will also suffer from non-recurring cost of an estimated EUR 1 million related to 1): the restructuring of the business in France with the goal to centralise production and invest in aluminum lacquering capabilities and 2): the cost related to the acquisitions made since 1 July 2015.
If the slight strengthening of the Swiss Franc versus the Euro since 1 July continues throughout the second half, it will contribute to reduce the loss in the financial result of the first six months.
Group Sales (1st January – 30th September) – non audited
|In mio. €||2015||2014||Change|
|3rd quarter||79.1||71.7||+ 10.3 %|
|Total first nine months||228.0||208.5||+ 9.3 %|
|thereof maintenance||91.8||83.2||+ 10.2 %|
|Sales at constant exchange rates||217.4||208.5||+ 4.3 %|
|Order-book on 30 September||65.6||53.9||+ 21.7 %|
The tendencies related to the full year remain positive and the earlier estimate of sales growth reaching 10 – 12 % is reiterated.
Next press release:
4th quarter sales 2015, on 26 January 2016 (after market closing).
About agta record:
Ranking among the top players in the global market for automatic pedestrian doors, agta record calls on its integrated technological and commercial know-how. The Group’s extensive expertise covers the design, production, marketing, installation and maintenance of a large range of automatic doors.
Headquartered in Switzerland, agta record sells its products and services across the globe and is directly present with subsidiaries in 17 countries.
agta record is listed on Euronext Paris, foreign stocks. ISIN: CH0008853209
Hubert Jouffroy – Chairman of the Board – firstname.lastname@example.org